Are you thinking of opening your own business but your budget is limited? What business to open with 10,000 euros ? Although it is a more than decent figure, it is still low to make such an investment to set up on its own .
However there are some activities suitable for those who have this figure: if you are curious to find out what they are, read on!
This is a complex activity and undoubtedly involves some risks, however if you are aiming to earn more to have more money to invest in your business , you must also know how to dare (even if with due caution!).
We start from the assumption that most of those who approach the world of classic trading say they find the mechanism really complex: it is necessary to study, to know where they are moving, and not everyone has that interest. This is the only way to make a profit.
To overcome this problem, social trading platforms were born , which is the alternative I propose: in particular, I refer to the social trading platform as eToro .
Thanks to this platform, although you are not an expert and knowledgeable in the subject, you can invest without too many headaches, since you have access to the strategies of the best traders : the only thing you need to do is to select the traders that have objectives more similar to yours, imitating the winning moves .
To select a reference trader you have to rely on two criteria:
Profits of the last two years – choose the popular investors who have made more money and have achieved revenues of up to 25% ;
Risk of operations – if you want to risk less you can opt for those who invest with less risk: the return will be lower, but also the risks are reduced.
This system allows you to join a win-win formula , where professional traders can achieve optimal results, and with them the investors who follow them.
I do not advise you to invest all your 10,000 euros on this platform, but you could dedicate a part of them to medium-high risk activities (which are, as you will have understood by now, potentially more profitable ).
To try to follow the moves of the best investors you need:
Open an account on eToro ;
Choose the reference Popular Investor, selecting it according to your expectations;
Allocate the set budget to the winning strategy.
If you have no particular skills in the field but want to approach trading, and would like to reduce the chances of losing money, then social trading is a more than valid way to start.
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Start a micro-business
If you don’t know where to start to start a project, because 10 thousand euros seem objectively few, then here is the second piece of advice: start a micro business thanks to Bidoo .
To suggest this, I was inspired by the fascinating and incredible story of a successful American boy, Ryan Grant . Why did his story amaze me? The fact is that Ryan has made a lot of money (millions of people!) By reselling on Amazon products that he bought on the Walmart chain stores .
This is a strategy that is as simple as it is effective: Ryan has begun to constantly monitor the prices of some items for sale, identifying some that the supermarket sold off. Once I did this, he tried to figure out if there was someone, online, willing to buy the products at higher prices, and if the answer was affirmative, he would resell them.
Personally, I have inquired to find out if even here in Italy it is possible to emulate this strategy and I have found that in some way it can be done: you only have to participate in online auctions on special sites like Bidoo , with the aim of grabbing the products at the prices more advantageous. Once this is done, all you have to do is resell on sales sites and ads, increasing the price.